Entrance Avenue Shipyard is poised to alter palms earlier than the beginning of the brand new 12 months. The house owners reached a take care of Protected Harbor Marinas that up to now has met with native authorities approval.
Based mostly within the Midcoast Maine metropolis of Belfast, Entrance Avenue Shipyard advantages from deep water proper at its docks. It additionally has 1,500 ft (457 meters) of waterfront. Its proximity to common summer season cruising grounds and its refit and restore capabilities for quite a lot of yachts and megayachts earned it loyal clients shortly after it opened its doorways in 2011. For instance, the famed crusing superyacht Atlantide inaugurated a brand new shed in 2018 (under). Entrance Avenue Shipyard additional gives new development, although not for superyachts.
Protected Harbor Marinas owns and operates practically 150 marinas and shipyards globally. Simply this previous summer season, for example, Protected Harbor acquired Monaco Marine. In the USA, the corporate owns properties primarily alongside the East Coast, from Florida to Maine. They embrace Newport Shipyard, Montauk Yacht Membership, and Savannah Yacht Middle. It additional has holdings in Central American areas like Costa Rica.
In a letter to the Belfast planning board in October, Greg Glavin, Protected Harbor’s regional vice chairman for Massachusetts, Maine, and New Hampshire, requested a proper dialogue of its takeover request at a November assembly. In accordance with the letter, Protected Harbor and the house owners of Entrance Avenue Shipyard signed an settlement in April, to shut December 31. “Protected Harbor plans to keep up the property as a working marina and boatyard,” Glavin notes. “We’re dedicated to steady funding within the asset and its workers.” The truth is, he states, Protected Harbor intends to spend $5 million inside its first three years of possession. Moreover, it doesn’t plan substantial adjustments within the city-approved makes use of or operations. That features preserving the publicly accessible harbor stroll.
JB Turner (above), who co-founded and co-owns Entrance Avenue Shipyard, supplied a letter to town council and planning board in November, supporting the sale. “For my companions and me, this marks a bittersweet milestone, however we imagine the time is correct for the transition,” he writes. Moreover, he states, “We anticipate only a few public-facing adjustments,” with the shipyard remaining a supportive member of the neighborhood. “Most significantly, I’ll proceed working full time in my present place at Entrance Avenue Shipyard for not less than the following three years,” Turner signifies. That is as a lot to protect continuity as it’s to make sure a easy transition upon his retirement, he says.
The planning board accredited the plans in November. Town council has already held one assembly and can maintain a second studying and public listening to subsequent week.
Entrance Avenue Shipyard was a significant transformation of the Belfast waterfront when it opened. For a decade previous to its institution, the property, greater than three acres in whole, sat unused and deteriorating. It had been residence to a sardine-processing plant, however it closed in 2001.
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